Posted by Shaun on March 19, 2006 at 21:46:06:
I’m actually in Cleveland, Lakewood rather. Give me an email and maybe I can take a look at things for you.
Heloc - Posted by Keith
Posted by Keith on March 17, 2006 at 19:24:57:
Need help getting a Heloc. Credit scores are very low, but have two properties with a nice amount of equity.
Re: Heloc - Posted by Shaun
Posted by Shaun on March 18, 2006 at 12:28:55:
How low is very low? How much equity do you have? Where are you located? How is the job situation? How is your total debt vs. your income?
Re: Heloc - Posted by Keith
Posted by Keith on March 18, 2006 at 20:04:14:
My scores are 528,527 and 489. I have around $55,000 in equity. I’ve been on my job three years and make around $28,000 a yr. My debt is about $15,000.
Re: Heloc - Posted by Shaun
Posted by Shaun on March 18, 2006 at 23:50:20:
Not looking good with those credit scores, but I guess I should have asked how much is the house worth and how much do you owe?
Re: Heloc - Posted by Keith
Posted by Keith on March 19, 2006 at 12:31:15:
I owe about $111,000 and the house last appraised at $165,000.
Re: Heloc - Posted by Shaun
Posted by Shaun on March 19, 2006 at 14:14:35:
How big of a heloc are you looking for? I think that your scores may be too low to reach it. You may be able to refinance though if you really need the money. I will check tomorrow.
Re: Heloc - Posted by Keith
Posted by Keith on March 19, 2006 at 19:39:47:
I was looking to get about a $20,000 heloc. With my scores being so low would a refi with cash out really be an option.
Re: Heloc - Posted by Shaun
Posted by Shaun on March 19, 2006 at 20:12:13:
It will be easier to find than a heloc, at those scores, I can tell you that. What state are you in?
Re: Heloc - Posted by Keith
Posted by Keith on March 19, 2006 at 21:22:44:
I’m in Cleveland Ohio. Where would you recommend searching for refinancing?